Indian Overseas Bank cuts MCLR by 10 bps across tenures, effective Fri
This story was originally published at 18:14 IST on 11 August 2025
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--Indian Overseas Bank cuts MCLR by 10 bps across tenures
--Indian Overseas Bank cuts base rate by 20 bps to 9.80% effective Fri
MUMBAI – Indian Overseas Bank has lowered the marginal cost of funds-based lending rate by 10 basis points across tenures, effective from Friday, the bank informed the exchanges Monday. The Reserve Bank of India's norms require banks to review their MCLR every month. The bank will reduce its base rate by 20 bps to 9.80%, effective next Friday, Indian Overseas Bank said.
Indian Overseas Bank's net profit surged 76% on year to INR 11.11 billion in Apr-Jun. On Monday, shares of the bank closed 0.5% higher at INR 36.00 on the National Stock Exchange.
Indian Overseas Bank's marginal cost of funds-based lending rates for various tenures are as follows:
| Tenure | Revised rate (%) | Previous rate (%) |
| Overnight | 8.05 | 8.15 |
| One month | 8.30 | 8.40 |
| Three months | 8.45 | 8.55 |
| Six months | 8.70 | 8.80 |
| One year | 8.90 | 9.00 |
| Two year | 8.90 | 9.00 |
| Three year | 8.95 | 9.05 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Gowri Lakshmi
Edited by Saji George Titus
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